Word 2007 Documents Are Saved with the Extension Doc

question 39

True/False

Word 2007 documents are saved with the extension doc .

---

Definitions:

Stockholders

Individuals or entities that own shares in a corporation, providing them ownership interest.

Prior Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in the financials of previous reporting periods.

Unacceptable Accounting Practices

Methods or practices that are not in accordance with generally accepted accounting principles (GAAP) or ethical standards.

Salvage Value

The estimated resale value of an asset at the end of its useful life.